Insiders told ESPN that Garnacho opened talks over a contract extension late last year, and has now reached an agreement for a 5-year deal with the English club.
All that remains to be finalized before the terms can be made official are some aspects relating to Garnacho’s image rights.
The new deal will see his salary adjusted according to his new status in Erik ten Hag’s squad due to the progress he has made since making his first team debut last April.
He is currently thought to be earning around £7,000 per week, so the starting point of his new salary will be a healthy increase to reflect his rise from the youth ranks to a first-team regular since his debut last April.
Garnacho has since made 27 appearances for United, scoring three goals, and has been one of the revelations of the Premier League season so far.
Given his roots, and Real Madrid’s history of luring wingers away from Old Trafford, there were concerns an early switch to the Bernabeu may have been on the cards next year.
Los Blancos have been reportedly monitoring his progress and would no doubt be interested in taking him back to the Spanish capital if he fulfils his world-class potential.
Garnacho left Atletico Madrid’s academy for United in 2020 and has gone from strength to strength since, skyrocketing up the senior pecking order.
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